Semtech (SMTC) reported fiscal second-quarter 2027 net sales of $341.9 million, up 17% sequentially and 33% from a year earlier. The quarter ended July 26, 2026.
GAAP net income was $160.1 million, with basic earnings per share of $1.72 and diluted earnings per share of $1.59. GAAP gross margin was 53.8%, while GAAP operating margin was 16.3%.
- Fiscal Q2 net sales were $341.9 million, compared with $291.0 million in fiscal Q1 and $257.6 million a year earlier.
- GAAP operating income was $55.8 million, compared with $25.8 million in the prior quarter.
- Net cash provided by operating activities was $68.9 million, and free cash flow was $61.4 million.
- For fiscal Q3, Semtech forecast net sales of $410.0 million, plus or minus $5.0 million.
- The company forecast non-GAAP adjusted diluted EPS of $1.05, plus or minus $0.03, for fiscal Q3.
$SMTC Insider Trading Activity
$SMTC insiders have traded $SMTC stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.
Here’s a breakdown of recent trading of $SMTC stock by insiders over the last 6 months:
- ASAF SILBERSTEIN (EVP and COO) has made 0 purchases and 9 sales selling 18,500 shares for an estimated $2,599,438.
- HONG Q HOU (President and CEO) has made 0 purchases and 6 sales selling 17,605 shares for an estimated $2,515,827.
- MARK LIN (EVP and CFO) has made 0 purchases and 5 sales selling 23,380 shares for an estimated $1,960,606.
- JOHN MICHAEL WILSON (Chief Quality Officer and CTO) sold 5,500 shares for an estimated $935,000
- JASON ELLIOT GREEN (EVP and CCO) has made 0 purchases and 2 sales selling 2,264 shares for an estimated $294,085.
- PAUL V JR WALSH has made 0 purchases and 4 sales selling 2,000 shares for an estimated $227,675.
- MARTIN BURVILL sold 2,500 shares for an estimated $222,448
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SMTC Hedge Fund Activity
We have seen 355 institutional investors add shares of $SMTC stock to their portfolio, and 248 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 4,472,780 shares (-31.4%) from their portfolio in Q2 2026, for an estimated $723,919,443
- AMERIPRISE FINANCIAL INC removed 3,999,464 shares (-53.7%) from their portfolio in Q2 2026, for an estimated $647,313,248
- WHALE ROCK CAPITAL MANAGEMENT LLC removed 3,901,469 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $299,983,951
- JANE STREET GROUP, LLC added 2,578,228 shares (+333.6%) to their portfolio in Q2 2026, for an estimated $417,286,201
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC. removed 1,523,026 shares (-68.5%) from their portfolio in Q2 2026, for an estimated $246,501,758
- DISCIPLINED GROWTH INVESTORS INC /MN removed 1,251,715 shares (-56.7%) from their portfolio in Q2 2026, for an estimated $202,590,072
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,197,650 shares (-28.8%) from their portfolio in Q2 2026, for an estimated $193,839,652
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SMTC Congressional Stock Trading
Members of Congress have traded $SMTC stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SMTC stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/03 and 1 sale worth up to $15,000 on 06/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
